Gevo (NASDAQ:GEVO - Get Free Report) had its target price reduced by equities researchers at UBS Group from $1.36 to $0.85 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a "neutral" rating on the energy company's stock. UBS Group's price target suggests a potential upside of 20.55% from the stock's current price.
Gevo Trading Down 5.4 %
Gevo stock traded down $0.04 during trading on Wednesday, hitting $0.71. The company had a trading volume of 4,612,748 shares, compared to its average volume of 6,671,762. Gevo has a 1-year low of $0.60 and a 1-year high of $1.86. The company's 50 day simple moving average is $0.80 and its 200-day simple moving average is $1.00. The stock has a market cap of $169.58 million, a price-to-earnings ratio of -2.52 and a beta of 2.86.
Gevo (NASDAQ:GEVO - Get Free Report) last posted its earnings results on Thursday, March 7th. The energy company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.03). Gevo had a negative net margin of 384.97% and a negative return on equity of 11.49%. The company had revenue of $4.37 million during the quarter, compared to analyst estimates of $4.26 million. During the same quarter last year, the business posted ($0.11) EPS. As a group, analysts forecast that Gevo will post -0.31 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Gevo
A number of institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp grew its stake in shares of Gevo by 48.2% during the second quarter. State Street Corp now owns 35,309,857 shares of the energy company's stock worth $82,978,000 after purchasing an additional 11,479,096 shares in the last quarter. BlackRock Inc. grew its stake in shares of Gevo by 7.4% during the second quarter. BlackRock Inc. now owns 28,787,567 shares of the energy company's stock worth $43,757,000 after purchasing an additional 1,994,123 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Gevo by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 13,395,378 shares of the energy company's stock worth $15,539,000 after purchasing an additional 350,315 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Gevo by 10.5% during the second quarter. Geode Capital Management LLC now owns 4,591,229 shares of the energy company's stock worth $6,979,000 after purchasing an additional 437,006 shares in the last quarter. Finally, Millennium Management LLC grew its stake in shares of Gevo by 5,722.1% during the fourth quarter. Millennium Management LLC now owns 3,405,121 shares of the energy company's stock worth $6,470,000 after purchasing an additional 3,346,635 shares in the last quarter. Institutional investors and hedge funds own 35.17% of the company's stock.
About Gevo
(
Get Free Report)
Gevo, Inc operates as a carbon abatement company. It operates through three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The company focuses on transforming renewable energy into energy-dense liquid hydrocarbons that can be used as renewable fuels. It offers renewable gasoline and diesel, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein.
Further Reading
Before you consider Gevo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gevo wasn't on the list.
While Gevo currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.
Get This Free Report
